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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (3994)	1/27/2014 2:13:42 AM
From: Dinesh	Respond to of 4080

Thanks for sharing the story. It is long on some pricing terms & conditions but short on actual market adoption. It needs to have some hard data to show that there exists a huge bitcoin-toting on-line audience. So, right now it appears like betting on the team as there is not much of a business (relative to valuation). However it is a different team. I still think $3 before $4. And if bitcoin is the game then I want to see them appoint a controller for bitcoin ops.

To: pcyhuang who wrote (3994)	1/29/2014 9:32:46 PM
From: pcyhuang	Read Replies (1) \| Respond to of 4080

ZNGA's Outlook Improved by Gain in Facebook's Mobile Ad Sales Facebook's ( FB) mobile ad sales jumped 41% Q/Q and roughly 4x Y/Y in seasonally strong Q4 to $1.24B, a figure that soundly beat many analyst forecasts. Mobile accounted for 53% of ad sales, up from 49% in Q3 and 23% a year ago.Total ad sales rose 76% Y/Y (an acceleration from Q3's 66% clip) to $2.34B. Payments revenue (important for ZNGA) totaled $241M, up from $218M in Q3 and favorable to a year-ago level of $256M, given 4 months were counted last year.Facebook ended Q4 with 1.23B monthly active users (MAUs), +3% Q/Q and +16% Y/Y. Mobile MAUs grew 8% Q/Q and 39% Y/Y to 945M (77% of total MAUs). Mobile-only MAUs (a lot of them are in emerging markets) rose 17% Q/Q and 89% Y/Y to 296M (24% of total MAUs).Costs/expenses rose 37% Y/Y, a slowdown from Q3's 45% clip and well below revenue growth of 55%. R&D spend +37% to $408M, sales/marketing +51% to $292M.Op. margin rose to an eye-popping 56% from 46% a year ago. Capex (often strong in Q4) was a hefty $483M, up from $284M in Q3. CC at 5PM ET. Q4 results, PR, slides. Source: Seekingalpha.com